and Chor Weng Tan have been nominated to serve as Class II Directors for a term expiring at the Annual Meeting of Shareholders to be held in 2011 and until their successors are duly elected and qualify.
...Mr. Shinohara has served as a Director of the Fund since 2007.
and Tan as Class II Directors.
...Shigeru Shinohara (47)**
Following the resignation of a prior director of the Fund, the Board of Directors elected Mr. Shinohara
as a Class II Director of the Fund, effective June 30, 2007.If Mr. Shinohara is elected by the shareholders and qualifies, he will serve as a Class II Director for a three-year term expiring at the Annual Meeting of Shareholders to be held in 2011 and until his successor is elected and qualified or until his earlier registration or removal.
is an "interested person," as defined in the Investment Company
Act, of the Fund based on his
positions with NAM-U.S.A
.Mr. Shinohara is a director of Korea Equity Fund, Inc. for which NAM-U.S.A. acts as manager and for which Nomura Asset Management Co., Ltd. ("NAM") acts as investment adviser.
and Tan for re-election as Directors of the Fund.
...Mr. Shinohara was elected a Director of the Fund effective June 30, 2007.
...Shigeru Shinohara (47)President and Class II DirectorPresident since 2007